The Wincor Nixdorf' stock continues its ascension, initiated on last July, following the very good publication of its third quarter 2012, showing an earning per share 18% higher than estimates.

The company has strong fundamentals. The valuation remains low as shown by an EV/Sales ratio of 0.58x for this year. Margins expectations are encouraging ; they are expected to rise starting from 2013 (net margin of 2.7% in 2012 and 3.4% in 2013). The debt is falling, with a Debt/EBITDA ratio which should decrease to 0.37x in 2015 against 1.14x last year.

Technically, prices are in an uptrend since mid-2012. This trend should be confirmed as shown by the bullish cross of the 100-week moving average by the 20-week. The security is, moreover, near to an interesting entry point which may send the share towards the EUR 40.2 resistance. Indeed, prices are approaching to the EUR 36.8 short term support, close to the lower limit of the bullish channel and which is corresponding to the crossing of short and long moving averages in weekly data.

Fundamentals and technicals data bring numerous elements justifying a long position in Wincor Nixdorf, in case of a comeback on the EUR 36.8 support. The first bullish target will be the EUR 40.2 resistance, and the crossing of this level should allow to reach new annual highs. However, a stop loss must be set below the EUR 35.5 short term support.